Franklin Short-Term Municipal Income ETF

Frequently Asked Questions About FTMS

What does FTMS invest in?

The fund's core objective is to generate a substantial stream of income, which is exempt from federal taxation. This aim is pursued with a strong emphasis on safeguarding the initial investment.

What is the expense ratio of FTMS?

Franklin Short-Term Municipal Income ETF (FTMS) charges an expense ratio of 0.22%. This is the annual fee deducted from fund assets to cover management and operations.

What is FTMS's dividend yield?

FTMS's trailing-twelve-month yield is 2.81%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of FTMS?

Effective duration measures FTMS's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FTMS's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of FTMS?

FTMS's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of FTMS?

Yield to maturity (YTM) is the total return you'd earn from FTMS if every bond in the portfolio is held to maturity at the current price. FTMS's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.